Computer-Based Horse Race Handicapping and Wagering Systems

Author(s): Bill Benter


The Gambler Who Cracked the Horse-Racing Code

Bill Benter did the impossible: He wrote an algorithm that couldn't lose at the track. Close to a billion dollars later, he tells his system.

This book examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. The author reports significant positive results in five years of actual implementation of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system.

Also included the Bill Benter "What Are My Odds?" Presentation at ICCM in 2004.


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Product Information

General Fields

  • : 9789841259938
  • : DIANA
  • : February 2020
  • : 28.00 cmmm X 21.50 cmmm X 0.30 cmmm
  • : books

Special Fields

  • : Bill Benter
  • : en
  • : 56